A very sad state of affairs, that ^^^
There are a number of posts spread about various threads regarding 50 Trinity Place.
One regarding Sam Chang / McSam hotels is HERE .
I had posted something on this in the NYC HOTEL NEWS thread ...
I took some pictures of this one today. The building is almost completely intact, except for some cruddy store-front infill on the first floor right at the corner of Rector / Trinity and some window infill along Rector (all of which can be remedied very easily with a proper renovation / restoration).
The rest is glorious.
How this building sat without Landmarks designation / protection for all these years is mindboggling.